Get started

Chart Patterns

XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. XAUUSD is currently trading at around 2605 . We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago). Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play. Overall XAUUSD is still extremely bearish . We could see the following scenarios happen. Scenario 1: SELL from 2620 We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells. Scenario 2: SELL from 2633 A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level. Scenario 3: SELL from 2590 Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD is overall bearish. - XAUUSD sells are valid from key pullback areas 2620 and 2633. - XAUUSD breaks below 2590 would also confirm further sells. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
Palantir Technologies Inc. (PLTR) - Top is In; Time to ShortPLTR is presenting a potential short setup as it approaches a short zone within the Fibonacci retracement levels. This area aligns with strong resistance, suggesting a downside move could follow. Trade Details: - Entry (Short Zone): $74.25 - Stop-loss: $78.30 Targets: - Target 1: $65.10 (Fibonacci 1.0 extension) - Target 2: $57.15 (Fibonacci 1.618 extension) Analysis: The rejection of the resistance zone could trigger a bearish wave down to the targets. Fibonacci extensions provide additional confluence for the downside targets. Monitor price action closely for confirmation.
NASDAQ:PLTRShort
by MrStockWhale
Bearish drop?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 155.72 1st Support: 154.28 1st Resistance: 157.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement. Explanation: 1: Hidden Bearish Divergence: The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal. 2: Double Top Formation: A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward. 3: Market Structure Shift: The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment. 4: Potential Reversal Zone (PRZ): The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down. This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
Short
by awaisulabdeen
$xrp long entry ### **Market Context:** - **Support Zone:** Price has reacted strongly from the FVG (Fair Value Gap) near the $2.21 - $2.15 region, showing bullish demand in this area. - **Resistance Levels:** Immediate resistance is around $2.39, with further key levels at $2.70 and $2.92. - **Order Block (OB):** Notable bearish order block marked near $2.70, which can serve as a potential take-profit area. --- ### **Key Observations:** 1. **Bullish Structure:** - The price has established a bullish market structure shift (MSS) after revisiting demand zones. - EMAs are aligning closely, suggesting consolidation before a potential breakout. 2. **Liquidity Grab:** - The recent dip into the FVG signals a liquidity grab, hinting at bullish accumulation. 3. **Risk-Reward Setup:** - The long position setup reflects a favorable risk-reward ratio, with the stop-loss below $2.15 and targets extending to $2.70 and potentially $2.92. --- ### **Trade Plan:** - **Entry:** Around $2.32 - $2.36 (current price zone). - **Stop Loss:** Below $2.15 to account for a safe invalidation. - **Targets:** - **TP1:** $2.70 (resistance near the OB zone). - **TP2:** $2.92 (major resistance and psychological level). --- ### **Notes for Traders:** - Watch for volume confirmation as the price approaches resistance levels. - If price retraces to the FVG ($2.21 area), consider it an opportunity to add to the position. --- Keep your risk management tight and follow the plan!
Long
by origami_capital33
Overbought Warning: Exercise Caution in Current Market Cycles ⚠️ Overbought Warning: Exercise Caution in Current Market Cycles ⚠️ Bitcoin and many altcoins are significantly overbought in their respective cycles. 🚨 Caution is strongly advised. Avoid jumping into investments late in the 1-week cycle. Instead, wait for the cycle to dip below 20 before considering an entry. 📉 🧠 Quick Recap: How to Use the Cycle Signals - ✅ Green Zone = Potential Buy Signal - 🚫 Red Zone = Potential Sell Signal We’ve been in the red zone for a considerable amount of time now, signaling heightened risk. A retracement appears likely, so patience is key! ⏳ The Danger of FOMO It’s tempting to trade when: - The market moves 24/7 🌐 - Influencers flaunt their PnL cards 📊 - News and activity are constant. 📢 But jumping into an overheated market can lead to losses, not gains. ✅ What to Do Instead: - Don’t chase the hype. - Missed a 10-15% gain? No problem! Compare that to the profits from buying in the green zone and selling in the red—you’ll make far more with less risk. 🔑 Stay Smart, Stay Patient Remember: **There’s nothing worse than watching your portfolio bleed daily.** Avoid the stress by simply waiting for better cycle opportunities. 💡 This is not financial advice. Always do your own research! 📖
BITSTAMP:BTCUSDLong
by TheStrategyMaster
1
DAR COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!NYSE:DAR Coin Possible Scalp & Swing Trade Ideas 💡!! • If price drop b/w 0.105$-0.095$ area then potential Bounce Back expected.. With SL I will Try To Build Quick Scalp On it. • Before Upgradation if its price drop b/w 0.75$-0.60$ area then i will add it small amount in my long term portfolio for 50%-150% gain.. In next Few Months🫡 Warning : That's jus mine analysis Do Your Own Proper Research Before Taking qny action🚨
by CRYPTOPLAYERS-01
KPEL BREAKOUT Script: KPEL Key highlights: 💡⚡ 📈 Script is trading at near its support level keep an eye on stock, we may see some good rally. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 650 🟢 Target 🎯🏆 - ATH ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
BSE:KPELLong
by ronakca21
1
QQQ Bearish Engulfing Candle on Weekly TimeframeAccording to our models QQQ will keep correcting for another 3-4 Weeks and approximate correction would be 8% Entry Short: 524 Exit Short: ~ 480 All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
NASDAQ:QQQShort
by marketpanda123
EURGBP in a Tug-of-War: A Looming Short Opportunity?The EURGBP market has been experiencing a period of consolidation, confined within a well-defined range between a robust support zone at 0.82300 and a notable resistance zone at 0.83300. This sideways movement reflects the market’s indecision, as traders await key signals to determine the pair’s next major directional move. Currently, the price action has demonstrated a rebound off the lower boundary of this consolidation range—the support level at 0.82300—which has proven to be a formidable floor, absorbing selling pressure and providing a base for upward momentum. Following this bounce, the pair is now gravitating toward the upper boundary of the range near 0.83300, a level that has repeatedly acted as a ceiling, thwarting bullish attempts to break higher. What makes the current setup particularly compelling is the confluence of technical factors near the resistance zone around 0.83000. Not only does this area align with the horizontal resistance level, but it is also reinforced by an upward trendline, creating a potential intersection of supply that could catalyze a bearish reversal. The presence of this dual-layered resistance amplifies the probability of a pullback from these levels, as buyers may struggle to sustain upward momentum in the face of intensified selling pressure. Given this context, I anticipate that the market is likely to react at the resistance zone by staging a pullback, potentially retesting the midpoint of the consolidation range as the pair oscillates within its established boundaries. My primary focus remains on the support zone around 0.82700 as a key target for this anticipated downward correction. This level not only sits comfortably within the middle of the broader range but also represents a logical area where buyers might reenter the market, seeking to defend the pair from further declines. In summary, the EURGBP pair appears poised for a potential shorting opportunity as it approaches the critical resistance zone near 0.83000. This setup presents a classic case of range-bound market dynamics, where understanding the interplay between support and resistance levels can provide a roadmap for navigating price fluctuations. Patience will be crucial in this scenario, as the market's reaction to the resistance zone will likely determine the next phase of price action. Whether the pair ultimately breaks out of its current range or continues to oscillate, the immediate outlook suggests a bearish retracement is on the horizon. (The market decides how much profit you make. You decide how much you lose.)
Short
by lonelyPlayer0
BTCUSD 12/20/2024Performance Recap (Previous Analysis from 10/8/2023): • Entry: 27,948 • Targets Achieved: o 63k (+127.81%) o 96k (+244.56%) • High Reached: 108k ________________________________________ BTC/USD Daily Chart Analysis Technical Analysis (Current Scenario): Chart Patterns: • Cup and Handle Formation: o Confirmed breakout signals bullish continuation. o Long-term uptrend reinforced. Indicators: • Golden Cross: The 50-day EMA has crossed above the 200-day EMA, signaling a bullish trend. • MACD: Firmly in bullish territory, confirming positive momentum. • Hammer Candlestick: Closed at support (around 92K), indicating potential reversal and entry point. Support and Resistance Levels: • Support: o 92K (key level tested multiple times). o 50-day EMA (current level). • Resistance: o None until the 310k target based on the Cup and Handle projection. ________________________________________ Target Analysis: • Cup and Handle Target: o Measured distance from the cup's bottom to its neckline. o Projected Target: 310k. • Timeline: o Historical reference to 2013–2017 suggests a 6–8 month timeline with minor pullbacks for additional entry opportunities. ________________________________________ Trade Setup: • Entry: 97,703.80 • Stop-Loss: 69,092.64 (-29.28%) • Target 1: 310k (+217.29%, 7.42 RR ratio). • Target 2: Use a trailing stop based on the 20-day EMA if price exceeds 310k Summary: BTC/USD has surged from 27K to 108k since the last analysis, forming a textbook Cup and Handle pattern, which has now broken out, confirming a bullish reversal and signaling a continuation of the long-term uptrend. Key indicators, including a Golden Cross between the 50-day and 200-day EMAs and a bullish MACD, support this momentum. Currently, BTC is bouncing around the 92K support level and holding above the 50-day EMA, which also acts as a support. The appearance of a Hammer candlestick at this level further solidifies the bullish case and sets the stage for a new long position. The measured move for the Cup and Handle pattern projects a target of 310k. Drawing from historical price behavior, this uptrend could unfold over the next 6–8 months, with minor pullbacks offering additional entry opportunities. This setup presents a strong technical case for continued upside, with a clear structure, supportive indicators, and a high-probability target.
COINBASE:BTCUSDLong
by rudcharts
ETHEthereum (ETH) Weekly Chart Analysis – Cup & Handle and Inverse Head & Shoulders Overview of Current Setup: Upon reviewing Ethereum’s weekly chart, a classic cup and handle formation is evident, with a confirmed breakout already in progress. The current price action suggests a potential backtest of the breakout zone, reinforcing the integrity of this pattern. Simultaneously, within this backtest, an inverse head and shoulders pattern is emerging – another bullish signal indicating that Ethereum could see further upside in the coming months. Pattern Breakdown: • Cup and Handle Formation: • This is a bullish continuation pattern that often signals the resumption of a strong uptrend after a period of consolidation. • The initial breakout suggests strong buying momentum, but as is common, the price is retracing to retest the breakout zone, essentially validating the strength of the move. • Inverse Head and Shoulders (H&S): • This pattern typically forms after a downtrend or corrective phase and often marks a reversal point. • The presence of this pattern within the backtest area adds confluence to the bullish outlook. Profit Targets: Given the alignment of these two patterns, the upside potential for Ethereum is significant. Here’s how the targets shape up: • Primary Target Range: $5600 - $6000 • This range represents a conservative measure of the breakout from the cup and handle, projected by mirroring the depth of the cup. • Extended Target: $6500 - $7000 (by mid-2025) • If momentum accelerates and bullish conditions persist, ETH could stretch towards this level as a secondary target. Stop Loss Strategy: • Key Level: Below $2800 • This represents a critical invalidation point. If Ethereum dips below this level, it would likely indicate a breakdown of the patterns mentioned, signaling potential further downside. • Since this is a weekly chart, patience is key. Short-term fluctuations and liquidation dips are common, so avoid overreacting to minor price movements. Timeframe & Approach: • Time Horizon: Weekly chart patterns generally take longer to develop and fully play out. This projection anticipates growth and price appreciation into mid-2025. • Mindset: This is a longer-term analysis. Avoid emotional trading or reacting impulsively to short-term volatility. Ethereum’s price action may involve consolidation, retracements, and temporary corrections along the way – all part of the process. Summary: Ethereum’s weekly chart shows compelling bullish signals through both a cup and handle pattern and an inverse head and shoulders formation. This confluence increases the likelihood of further upside. With profit targets in the $5600-$6000 range, and extended targets as high as $7000 by mid-2025, Ethereum presents a promising opportunity for patient traders. A stop loss below $2800 ensures risk management while allowing room for price action to develop naturally. (ChatGPT made me do it lol)
BITSTAMP:ETHUSDLong
by TriumphOne